United Nations Global Compact was formed on 26 July 2000, with an aim to encourage corporations around the globe to adopt sustainable and socially responsible policies, aligning their strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals (United Nations, 2015). Since then, UN Global Compact has become world’s largest corporate sustainability initiative with 8343 participating companies from 162 countries and 34,388 public reports. (United Nations, 2015)…
The last 4 years with Company D was eventful, there were several lessons to learn with corporate responsibility and S/Q ratings as well as how to raise the image rating. Company D’s biggest resource strength for the last 4 years was corporate responsibility. The organization decided to use green footwear for the shoes, as well as recycled boxes for shipping. Daily Durable decided to spend $1000 each plant towards energy initiatives in order to save energy and reduce pollution. Charity donations of 10% of operating profit increased the company’s image rating. The highest amount given was in year 16 with a total of $5,484. Ethics training and workforce diversity training was offered to all employees for all 4 years to help employees understand the laws and they know the company is being fair during hiring processes and training opportunities. With the efforts in corporate social responsibility, Daily Durable earned a 2nd place award for corporate responsibility at least 2 years in a…
The dollar general co. takes a pro-action approach toward social responsibility, they have taken steps to better the community and environment. In 2008 the corporation implemented and enforced green policies in all of their stores, offices and distribution centers, such as reuseable shopping bags and a recycling program. The dollar general seems to be ahead of the game when it comes to “green” marketing.…
For many years GAP was infamous for its sweatshop abuses. After more than 10 years of campaigns and actions by students, and concerned citizens, GAP has begun to change its ways. In 2005 it released its second corporate social responsibility report, a document compiling information on their practices with regards to labour and the environment.…
1. Do you think a partnership with Product (RED) can improve Gap’s image? Is it a sign that they are making a commitment to corporate social responsibility or do you agree with critics who say their involvement is an attempt to spit-shine the company’s image while continuing to do business as usual?…
Corporate social responsibility can simply be identified as a duty, which is not a legal obligation lately, under very much consideration by every multinationals, as well as the growing firm. The ongoing concern is meant to increase the awareness between the business Individuals, to implement and draw line which should clearly indicates that what social obligation an organization has towards the society.(Caroll,1970) (Caroll, Archie, B.(1991). The pyramid of corporate social responsibility is towards the moral management of organization stakeholder.…
The following list contains my three recommendations for Gap Inc. that I have come up with after analyzing the case. I believe that Gap Inc. can continue to improve if they pursue any of the following:…
Unfortunately, Company Q has not made wise decisions as it relates to social responsibility. There are reports that the company 1) chose to close much-needed grocery stores in economically depressed (read: minority-occupied) parts of town, 2.) chose to start offering health-conscious food items only after it could locate the highest-margin products it could find; and 3) ashamedly refused to provide day-old food to the local food bank under the auspices that it was concerned that its employees would steal the food instead of donating it. The goal of this analysis is not only to highlight this absurd behavior and reasoning but also to offer solutions that are conducive to meeting social-responsibility concerns and maintaining financial viability. With any hope, Company Q will heed the counsel and institute immediate changes.…
Company Q is having a little trouble with containing a positive social responsibility with the community it serves in. Bing in a major metropolitan area, Company Q has had to close two because they were always reporting a loss. These two stores were unfortunately, located in areas where the crime-rates…
Company Q’s attitude toward social responsibility reflects a negative reputation on them as a corporation in their current community. The geographical location in a major metropolitan area should sustain the business with a solid consumer base and maintain reliance of current investors. However, they closed two stores in high crime areas for consistently losing profits, waning investor trust and damaging employee faith. The decision to close the stores limits their ability to be socially responsible to its stakeholders and potentially contributes to the areas crime level.…
General Mills is a U.S based, multinational company that aspires to manufacture nutritious food for the world. They are heavily invested in corporate social responsibility by ensuring that their raw materials come from sustainable sources and by promoting human rights.…
* Gap provides a recent example of bad publicity because of sweatshops. In late 2007, it was revealed that some of the company’s clothes were produced by young children in India. Though gap had policies and procedures to prevent the use of sweatshops and children in the production process, it was subcontractor that was operating the facility. The company responded to the bad publicity by announcing plans for “ sweatshop Free” labels for its clothing. They also pledged to increase its monitoring of subcon-tractors and overseas factories.…
Corporate Social Responsibility is the obligation towards society of a corporation and it reflects a corporation’s social duties and its results of business success. All the corporation’s policies and practices will reflect the responsibility towards helping society. As an example, Boeing Corporation has developed a program named Global Corporate Citizenship. This program consists of three elements: Products and Services, Business Practices and Community Engagement. This program carries out the corporation’s social responsibility by partnering with environment, health, safety, ethics, government operations and human resources to channel all of the corporation’s available resources for a greater impact in…
Company Q and Social Responsibility Social responsibility is a key attribute for businesses in the market today. When consumers look to spend their disposable income, they look for businesses that not only offer the right product, at the right price, but that also offer great service. Great service can include anything from friendly employees to community involvement. That is where social responsibility becomes apparent in a company’s ethics and values. If a company has a strong tie to the community and demonstrates social responsibility, their consumers will consider this a positive quality and it will separate them from the competition. In this case study with Company Q, they are lacking in the area of social responsibility. There are three major areas where the company can immediately make positive changes to improve their social standing in the neighborhoods where they operate. Making these changes and becoming more socially responsible is crucial for this company to see longevity as a business and to increase their market share. They will eventually lose patrons and income if they are not careful with how they manage their company’s interaction with their community. The first area for them to review is the closing of stores in high crime areas. Company Q has cited the reason for closing these stores as low sales and lost revenues in that area. Closing these stores has negative impacts on the company image. Consider the employees that are now without work. Even the extended community could view Company Q as the “bad guy.” It can be displayed as an attitude that the company cares more about the bottom line than the people in the area that would potentially be supporting the company. To improve in this area, Company Q should be challenged to interact with the community to determine why their sales are lower and what products would be beneficial to the neighborhood. Since the neighborhood is not as affluent as…
The Gap Analysis is the formal study behind what the business is currently doing and where they want to be in the future. This means the need for continuous improvement is necessary in promoting the best possible outcomes for the company goals. The gap analysis identifies the gaps from what the company is doing now to what they would be doing should they utilize additional resources to help improve the company’s outputs. By documenting what they have done in the past, this will show what other requirements are necessary to be put in place in an attempt to maximize the company’s capabilities. This may involve benchmarking as well.…